Bit Services Rates for Ramin Field

Bit Services for Well # 4

The purpose of drilling is to study the deep structure and assessment of oil and gas potential zones of oil and gas
accumulations in the Jurassic sediments

Bit+Hole Opener MUD WT Casing Size Depth (m) Drilled Unit Rate Total Amount Remark
Item Bit Type
(in) (pcf) (in) From To (m) USD USD
1 30" HO+RB 68-70 28-3/8" - 15 15 $ -
2 24" PDC 72-74 18-3/8" 15 500 485 $ -
3 17-1/2" PDC 76-77 15-1/2" 500 2,950 2,450 $ -
4 12-1/4" PDC 106-107 9-5/8" 2,950 4,885 1,935 $ -
5 8-1/2" PDC 126-128 7" 4,885 5,885 1,000 $ -
6 5-7/8", 6-1/8" RB+ PDC 126-128 5" 5,885 6,400 515 $ -
$ -

Confidential 10/25/2023 Page 1

Hole Casing Drilled (m) Lithology MW (pcf)
26" 28-3/8" 15 Soft Fm. 68-70

Bit Proposal

No. Bit Size Type Thread Type of Bearings

1 26" RB-MT 7-5/8" API Reg. open

2 26" RB-MT 7-5/8" API Reg. Sealed/Open (Avail.)

3 26" RB-MT 7-5/8" API Reg. Rubber Sealed

4 26" RB-MT 7-5/8" API Reg. Sealed

5 26" RB-MT 7-5/8" API Reg.
Challenges No. Nozzles Column3
Improper Hole Cleaning 4 3
Hole Instability
Shallow gas kick
Stuck pipe
Bit body erosion due to high gpm
Bit balled up

IADC Code Manufacturer Fluid Circulation Legs Protection

111 Security-USA center jet+nozzles (x3) no

111 Innova Petro-China Nozzles (x3) yes

115 GREAT Nozzles (x3) no

TuffCutter NOV Center jet+Nozzles (x3) yes (RockForce)

135
Column4

Column1
Hole Casing Drilled (m) Lithology MW (pcf)
24" 18-3/8" 485 Soft-Med. 72-74

Bit Proposal

No. Bit Size Type Thread Type of Bearings

1 24"

2 24"

3 24"

4 24"
Challenges No. Nozzles Column3
Bit Balled up

IADC Code Manufacturer Fluid Circulation Legs Protection

Column4

Column1
Hole Casing Drilled (m) Lithology MW (pcf)
17-1/2" 15-1/2" 2450 Soft-Med. 76-77

Bit Proposal

No. Bit Size Type Thread Blade No.

1 17-1/2" MD619HDBXS (S223) 7-5/8" API Reg. 6

2 17-1/2"

3 17-1/2"
4 17-1/2"
Challenges No. Nozzles Column1

Cutter Size Manufacturer Nozzle No. Gauge Type

19 & 13 mm Micon Drilling 9 T2A/PDC (spiral)

Column4

Column1
Hole Casing Drilled (m) Lithology MW (pcf)
12-1/4" 9-5/8" 1935 Soft-Med. 106-107

Bit Proposal

No. Bit Size Type Thread Blades No.

1 12-1/4" RSF616M (E172385) 6-5/8" API Reg. 6

2 12-1/4" M619LVPX 6-5/8" API Reg. 6

3 12-1/4" EXM616 6-5/8" API Reg. 6

4 12-1/4" TK66-D10-Z 6-5/8" API Reg. 6

12-1/4" R813DGX 6-5/8" API Reg. 8

Challenges No. Nozzles Column3
Clay swelling 3
Shale disintegration
Bit balled up

Cutter Size Manufacturer Nozzle Gauge Type

79x16 mm + 6x13 mm NOV/RH 9 passive

43x19 mm + 6x16 mm SMITH (SHARC) 6 passive

55x16 mm + 6x13 mm NOV/RH 6 passive (long spiral)

 N/A NOV/RH 9 passive

13 mm VAREL (RIDER) 8 passive

Column4

Column1
Hole Casing Drilled (m) Lithology MW (pcf)
8-1/2" 7" 1000 N/A 126-128

Bit Proposal

No. Bit Size Type Thread Baldes No.

1 8-1/2" U616M 4-1/2" API Reg. 6

2 8-1/2"

3 8-1/2"

4 8-1/2"
Challenges No. Nozzles Column3

IADC Code Manufacturer Fluid Circulation Legs Protection

Soft-Med. ULTERRA Nozzles (x6) Short (Spiral) Gage

Column4

Column1
Hole Casing Drilled (m) Lithology MW (pcf)
5-7/8" 5" Soft-Med. 126-128

Bit Proposal

No. Bit Size Type Thread Blades No.

MA74
1 5-7/8" (ER1176: 6
IADC M223)

2 5-7/8"

3 5-7/8"

4 5-7/8"
Challenges No. Nozzles

Cutter Size Manufacturer Fluid Circulation

SMITH (GEODIAMOND)
16 mm & 13 mm Nozzles (x3)
ARCS Technology
Column3 Column4

Legs Protection Column1

spiral
Hole Casing Drilled (m) Lithology MW (pcf) Challenges
6-1/8" 5" 515 Soft-Med 126-128

Bit Proposal

No. Bit Size Type Thread Type of Bearings IADC Code

MA52 (ER
1 6-1/8" 1000, IADC: 3-1/2" API Reg. X M223
M223)

2 6-1/8" RB-TCI 3-1/2" API Reg. Sealed Journal 517

3 6-1/8"
4
No. Nozzles Column3

Manufacturer Fluid Circulation Legs Protection

SMITH (GEODIAMOND) Nozzles (x3) yes (Spiral gage)

VBM Jet yes

Column4

Column1